# PPP loan: SCHERRER CONSTRUCTION CO, INC
> **$2.05M** approved 04/05/2020 · Paid in Full · Loan `5462627000`
## Borrower
- **Name:** SCHERRER CONSTRUCTION CO, INC
- **Address:** 601 Blackhawk Dr, BURLINGTON, WI, 53105-8903
- **NAICS:** 236115
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.05M
- **Initial approval:** $2.05M
- **Forgiven:** $2.07M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.54M
- **Rent:** $513K
- **Jobs reported:** 99
## Lender
- **Originating:** Town Bank, National Association
- **Servicing:** Town Bank, National Association (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*